Restaurant chain PizzaExpress will "categorically" not be issuing another bid for City Centre Restaurants , it was revealed yesterday (8 February). City Centre rejected the first all-cash 65p per share offer back in November, a move regarded by many analysts as due to poor management. Since then, deteriorating trade and poor performance in its newer outlets has meant that shares have plummeted, closing yesterday at 43p, and full-year forecasts have been lowered.